The dollar hit the highest record since October last week, rising by 0.4%. It has already gained 1.3% previously. Such upturn was due to the data about the good economic situation in the U.S. However, traders are now waiting for new U.S. data. It includes industrial production numbers and retail sales along with Eurozone data. …
The Dollar rose against the Euro. What about Sterling? Read More »
The Euro fell on Friday, reaching an almost three year-low due to the investors’ concerns about the slow economic growth in the Eurozone. The currency has lost 1% so far. There is a small chance of its rebound if the fourth-quarter gross domestic product data proves positive. However, economists expect 0.1% quarter-on-quarter growth, the same …
The Swiss franc is rising, while the Euro stays down Read More »
The euro plummeted on Wednesday. The downfall was caused by the data showing eurozone manufacturing output plunged more than expected in December. That means fourth-quarter eurozone gross domestic product data, which is due on Friday, may also bring bad news. Meanwhile, the dollar stays high. It traded at $1.0872 per euro. The dollar’s price gained …
Euro Falls while Pound steadies, Asian Currencies in the Red Read More »
The euro tumbled down on Thursday after releasing the new data. According to it, German industrial orders collapsed unexpectedly in December by 2.1%. This is the biggest fall since February. These statistics could influence the market, slowing it significantly in the opening months of 2020. The euro was steady at $1.09975 against the dollar, which …
Euro fell due to new data. What about Pound and Aussie? Read More »
The European currencies remained mostly stable as the traders were awaiting the results of two central bank meetings. They were also looking out for the release of economic data. Meanwhile, the dollar moved slightly against a basket of six major currencies at 97.881. The pound changed a little at $1.3060 on the dollar, and 84.46 …
Euro, Sterling, and Dollar Remain Stable as Yuan Struggles Read More »
European Central Bank left its interest rates the same on Thursday. ECB rate-setters continue buying bonds, also contemplating to cut interest rates until price growth in the eurozone heads back to their goal. During the last several years, the Central Bank did not manage to keep inflation just under 2%, even though the former President, …
ECB’s Policy Remains Unchanged; Dollar Gains Against Euro Read More »
After the last few weeks of turbulence, investors are waiting for the UK Employment and Wage growth data to better assess the situation on the market. They hope that the document will contain valuable tips. Another lead indicator is also on the horizon. The German ZEW Survey for January will be attainable at almost the …
Investors Look Out for UK Employment and Wage Growth Data Read More »
The pneumonia virus outbreak in China, which has led to several deaths, caused its market to waver. The lunar new year is approaching, which usually means the cash influx. But due to the virus, analysts fear that the flow will reduce significantly, which in its stead will influence the market’s growth rate. Chinese stocks have …
Virus Outbreak in China Causes Risk-Off; UK Remains Stable Read More »
The beloved single currency of the bloc struggled to take flight yesterday ahead of Christine Lagarde’s speech. The euro was flat against the greenback on the first half of trading sessions. The EUR to USD exchange rate only was seen inching down only by 0.3% or 0.0003 points in yesterday’s trading session. The pair, however, …
Weak German Data Causes the Single Currency to Flatline Read More »
The American dollar found it difficult to rally in yesterday’s trading despite good sentiment about the US-China trade deal. The disappointing nonfarm payroll from last Friday is causing the greenback to falter even in yesterday’s trading. Still, the American buck still bagged a few gains here and there against other currencies in the market. The …
Weak signs from the eurozone and American economies are causing the EUR/USD trading pair to steady this Monday’s sessions. The pair is heavily weighed by the lackluster results from last week’s reports. In fact, both currencies’ indices are struggling to gain altitude this Monday. The silence in the market today is not helping the pair …
EUR USD Steadies, Weakening Economies Problem to Traders Read More »
The lack of proper regulations is a serious challenge for crypto markets. Starting from 2020, crypto-related companies will have to comply with new rules as part of AMLD5. The purpose of the Fifth Anti-Money Laundering Directive (AMLD5) is to prevent activities connected with terrorism. Moreover, this directive will help to avoid hiding personal wealth. This …
The Republic of Austria is one of the most liberal countries regarding crypto trading. However, based on the recent legal notice, it will require all operators to register with the Financial Markets Authority (FMA). Crypto businesses must prove that they have sufficient liquidity as well as resources to operate in the country. Otherwise, they will …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCZK The pair has recovered from recent record slump, although it is trading again in the red this session. It appears that neither currencies are taking control of the trend. The 50-day moving average …
Daily Market Charts and Analysis January 10, 2020 Read More »
Right after Washington pulled back and called for renewed diplomacy, safe-haven assets also pulled back in sessions. Good news came in yesterday after the head of the White House gave his speech regarding the extreme tension. Safe-haven assets such as the Japanese yen and the Swiss franc immediately lost their safe-haven appeal in sessions. Traders …
Washington Backs Down, Safe-Haven Assets Retreat Read More »
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